Market Report, "Tobacco in Nigeria", Published
Tobacco sales, particularly the large category of cigarettes, were negatively impacted by the fuel tax hike in January 2012, which temporarily drove prices up quite steeply, and a serious deterioration in the security situation in the north of the country, which affected distribution. Thus, volume growth in 2012 was slower than that of the review period as a whole. Nevertheless, growth can be attributed to a reduction of the illicit trade in cigarettes, a growing young population, and increased...
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